Definition, Meaning & Synonyms

finance-company

Noun

/ˈfaɪnæns ˈkʌmpəni/

Definition

A finance company is an organization that provides loans to individuals and businesses, often focusing on consumer financing and personal loans.

Examples

The finance company offered her a substantial loan for her new car.
Many small businesses rely on a finance company for their funding needs.
He found a finance company that specializes in educational loans.

Meaning

Finance companies act as an intermediary between lenders and borrowers, offering loans for various purposes, including purchasing vehicles, financing education, or funding business operations. Unlike banks, they may not accept deposits but primarily earn revenue through interest on loans.